Title:Costly Portfolio Adjustment
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Author(s):BONAPARTE, Yosef; COOPER, RussellDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2010/19Abstract:This paper studies the dynamic optimization problem of a household when portfolio adjustment is costly. The analysis is motivated by the observation that on a monthly basis, less than 10% of stockholders typically adjust ...

Title:Rationalizing Trading Frequency and Returns
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Author(s):BONAPARTE, Yosef; COOPER, RussellDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2010/25Abstract:Barber and Odean (2000) study the relationship between trading frequency and returns. They find that households who trade more frequently have a lower net return than other households. But all households have about the ...